"As China transforms its industries, traditional or labor-intensive ones will see their profits from exports become thinner mainly because of the sluggish overseas market and intense domestic competition," he said.
Chinese exports remain competitive in the global market since exporters in emerging economies including India, Vietnam and Brazil are also seeing their profits shrink, Wang said.
The Canton Fair in Guangzhou debut, but adjacent to Guangzhou, Guangzhou-Foshan International Hardware & Electrical also lost no time in the city launched the "never ending" hardware sub-venue of the Canton Fair. The day before yesterday morning, the city of Guangzhou and Foshan Electrical and Mechanical Services International Hardware Exhibition Center - China National Metals and brand establishment of Trade and Exhibition Center was officially inaugurated.
However, the Canton Fair this year has given a priority to high-quality exhibitors from overseas, including leading global enterprises, exhibitors from countries that have trade deficits with China as well as energy-saving, eco-friendly and high-tech manufacturers.
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